Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) Short Interest Update

Direxion Daily AAPL Bull 2X Shares (NASDAQ:AAPU) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 620,300 shares, a growth of 24.9% from the February 28th total of 496,700 shares. Based on an average daily volume of 1,218,000 shares, the short-interest ratio is currently 0.5 days. Approximately 13.1% of the company’s stock are sold short.

Direxion Daily AAPL Bull 2X Shares Stock Performance

Shares of NASDAQ AAPU opened at $28.06 on Tuesday. The firm’s 50 day moving average price is $31.12 and its 200-day moving average price is $34.75. Direxion Daily AAPL Bull 2X Shares has a 52-week low of $20.48 and a 52-week high of $43.10. The company has a market cap of $132.44 million, a PE ratio of 29.92 and a beta of -1.95.

Direxion Daily AAPL Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.243 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.46%.

Institutional Investors Weigh In On Direxion Daily AAPL Bull 2X Shares

Large investors have recently added to or reduced their stakes in the stock. PayPay Securities Corp bought a new position in Direxion Daily AAPL Bull 2X Shares in the fourth quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth $125,000. Client First Investment Management LLC bought a new position in Direxion Daily AAPL Bull 2X Shares in the 4th quarter worth $363,000. JPMorgan Chase & Co. lifted its position in Direxion Daily AAPL Bull 2X Shares by 70.3% during the fourth quarter. JPMorgan Chase & Co. now owns 10,091 shares of the company’s stock valued at $380,000 after purchasing an additional 4,166 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Direxion Daily AAPL Bull 2X Shares during the fourth quarter valued at about $740,000.

About Direxion Daily AAPL Bull 2X Shares

The Direxion Daily AAPL Bull 1.5X Shares (AAPU) is an exchange-traded fund that is based on the Apple Inc index. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of Apple stock. AAPU was launched on Aug 9, 2022 and is managed by Direxion.